Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) to Issue Dividend Increase - $0.04 Per Share

Key Points

• STRC will increase its dividend by 33.3%, from $0.03 to $0.04 per share. Shareholders of record on November 30 will receive the payment on December 1.
• Shares rose 0.5% to $99.23, near the 52-week high of $100.42, with a market capitalization of approximately $2.57 billion.
• Insiders have sold 14,100 shares worth $1.82 million over the past 90 days, while Ethos Financial Group increased its stake by 198.7% in the first quarter.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) announced a dividend on Tuesday, October 20th. Shareholders of record on Monday, November 30th will be given a dividend of $0.04 per share on Tuesday, December 1st. The ex-dividend date is Monday, November 30th. This is a 33.3% increase from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's previous dividend of $0.03.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Stock Up 0.5%

Shares of STRC stock traded up $0.52 during trading hours on Wednesday, reaching $99.23. The company's stock had a trading volume of 810,932 shares, compared to its average volume of 2,329,329. The company's 50 day moving average is $97.93. The firm has a market capitalization of $2.57 billion, a P/E ratio of -22.05 and a beta of 3.25. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a fifty-two week low of $71.25 and a fifty-two week high of $100.42.

Insider Buying and Selling at Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

In related news, Director Jarrod Patten sold 1,350 shares of the company's stock in a transaction on Friday, October 9th. The stock was sold at an average price of $156.16, for a total transaction of $210,816.00. Following the completion of the sale, the director directly owned 28,406 shares in the company, valued at $4,435,880.96. This represents a 4.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 14,100 shares of company stock worth $1,815,669. 18.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

An institutional investor recently raised its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC grew its position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,530 shares of the company's stock after acquiring an additional 5,009 shares during the period. Ethos Financial Group LLC's holdings in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock were worth $753,000 as of its most recent filing with the SEC. Institutional investors own 26.02% of the company's stock.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Company Profile

Strategy Inc, formerly known as MicroStrategy Incorporated, develops enterprise analytics and business intelligence software. Its platform is designed to help organizations access, analyze, visualize and distribute data for reporting, decision-making and operational oversight. The company serves business customers across a range of industries and supports deployments through cloud-based and other enterprise delivery models.

Strategy has also established a significant digital asset treasury strategy centered on bitcoin.

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